Question: Problem A.7 Question Help Online The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's

Problem A.7 Question Help Online The following payoff table provides profits based on various possible decision alternatives and various levels of demand at Robert Klassan's print shop D Demand Decision Low High Alternative 1 $10.000 $30,000 Alternative 2 $4,000 $42.000 Alternative 3 --$2.500 $50,000 The probability of low demand is 0.40, whereas the probability of high demand is 0 60 ch Enter your answer in the answer box and then click Check Answer Check Answer Se Score: 0 of 10 pts 2 of 12 (11 complete) HV Problem A.7 Alternative 3 - $2,500 $50,000 The probability of low demand is 0.40, whereas the probability of high demand is 0.60 a) The alternative that provides Robert the greatest expected monetary value (EMV) is Alternative 3 The EMV for this decision is $ 29,000 (enter your answer as a whole number). b) The expected value with perfect information (EVwP) = $(enter your answer as a whole number) Enter your answer in the answer box and then click Check Answer nant

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